Conference Board News Release (09/08/15)
The Conference Board Employment Trends Index increased in August for a second consecutive month. The index now stands at 128.82, up from a downwardly revised 127.64 in June. The change represents a 4.5% gain in the ETI compared to a year ago.
“The large increase in the [ETI] in August suggests that a significant moderation in employment growth is unlikely to occur in the coming months,” says Gad Levanon, managing director of macroeconomic and labor market research at the Conference Board. “With solid job growth expected to continue, the unemployment rate is likely to go below 5% by year’s end.”